About Mavi Yachts

Turkey

Mavi Yachts

Three yachts that were severely damaged and placed out of operation due to Hurricane Irma have been salvaged and put on the market. The Category 5 hurricane tore through the open Atlantic region in September of 2017, causing widespread damage and at least 134 deaths.&nbsp;The three motor yachts salvaged following the catastrophic event are the 41.56-metre <a data-gid="gid://syiq/Yacht/74" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sierra Romeo41.56m (136'4&quot;)Mondomarine SpA2007">Sierra Romeo</a> by <a data-gid="gid://syiq/Company/72" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mondomarine SpA (Company)">Mondomarine</a>, the 38.5-metre <a data-gid="gid://syiq/Yacht/3107" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Claudia II38.5m (126'4&quot;)Sanlorenzo2010">Princess Claudia II</a> by <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and the 28.5-metre <a data-gid="gid://syiq/Yacht/6781" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mariale V 28.5m (93'6&quot;)Benetti SpA2015">Mariale V</a>&nbsp;by <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>. <img src="https://photo-assets.superyachttimes.com/photo/18922/image/large-84b2c7b5106a53322fec7f6cd5625f10.jpg" data-gid="gid://syiq/Photo/18922">According to <a data-gid="gid://syiq/Company/2805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mavi Yachts (Company)">Mavi Yachts</a>, the shipyard that is acting as manager of the yachts, all three have been fully inspected and surveyed which confirmed that the structures are rigid and sound, and the bulk of the damage, while substantial, is superficial. <a data-gid="gid://syiq/Company/2805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mavi Yachts (Company)">Mavi Yachts</a> has also secured the hull classification drawings of all three yachts. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/2173/image/large-83750414d37fa7ca1a1a4760cd9d62f5.jpg" data-gid="gid://syiq/Photo/2173">The motor yachts were floated and transported from Saint Martin in the Caribbean to Istanbul, Turkey. They are now laid up at <a data-gid="gid://syiq/Company/2805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mavi Yachts (Company)">Mavi Yachts</a> facilities. <img src="https://photo-assets.superyachttimes.com/photo/20362/image/large-b7899c33a2ee4ec77f4053e434c73ba4.jpg" data-gid="gid://syiq/Photo/20362">“This is a one-off opportunity,” Haluk Gundogdu of <a data-gid="gid://syiq/Company/2805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mavi Yachts (Company)">Mavi Yachts</a> confirmed. “All three are pedigree builds and can be refitted to turnkey condition at our shipyard, or sold as they are. Once stripped to the bare hull, a client can bring these yachts to a `nearly new’ condition at a fraction of the price as they would typically be listed. All three yachts have the potential to become successful charter vessels.”<img src="https://photo-assets.superyachttimes.com/photo/236799/image/large-98d3eeaad5a08e5f92de8aefd023127e.png" data-gid="gid://syiq/Photo/236799"><a data-gid="gid://syiq/Yacht/74" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sierra Romeo41.56m (136'4&quot;)Mondomarine SpA2007">Sierra Romeo</a> |&nbsp;<a data-gid="gid://syiq/Company/72" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mondomarine SpA (Company)">Mondomarine</a>&nbsp;| 41.56m | 349 GT | 2007 | €695,000The largest of the three is the 2007 <a data-gid="gid://syiq/Yacht/74" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sierra Romeo41.56m (136'4&quot;)Mondomarine SpA2007">Sierra Romeo</a> by <a data-gid="gid://syiq/Company/72" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mondomarine SpA (Company)">Mondomarine</a>. The motor yacht had proven to be a popular choice for charter up until the incident. She was launched under her maiden name Panther featuring an exterior and interior design by <a data-gid="gid://syiq/Company/76" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vafiadis (Company)">Studio Vafiadis</a> and naval architecture by her builder in collaboration with <a data-gid="gid://syiq/Company/73" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sydac s.r.l. (Company)">Sydac s.r.l</a>. <img src="https://photo-assets.superyachttimes.com/photo/236800/image/large-2d5e4815903e868b07d6c3bc6bad527a.png" data-gid="gid://syiq/Photo/236800"><a data-gid="gid://syiq/Yacht/74" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sierra Romeo41.56m (136'4&quot;)Mondomarine SpA2007">Sierra Romeo</a> is part of the shipbulder’s <a data-gid="gid://syiq/Company/72" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mondomarine SpA (Company)">Mondomarine</a> 41M series, of which there are just two: <a data-gid="gid://syiq/Yacht/74" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sierra Romeo41.56m (136'4&quot;)Mondomarine SpA2007">Sierra Romeo</a> and <a data-gid="gid://syiq/Yacht/76" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Wolf41.56m (136'4&quot;)Mondomarine SpA2008">Sea Wolf</a>. The two units from the <a data-gid="gid://syiq/Company/72" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mondomarine SpA (Company)">Mondomarine</a> 41M series both passed hands in previous years, asking around €10m and €7m, respectively. <img src="https://photo-assets.superyachttimes.com/photo/236801/image/large-e070c6cdc6ce1851b17e283afd7fbd02.png" data-gid="gid://syiq/Photo/236801">The motor yacht boasts 349 GT and needs to be fully stripped, so a client has the opportunity to remap her general arrangement. Before the incident, she was configured with six staterooms and three cabins, that offered accommodation for as many as 12 guests and seven crew.To bring her back to a presentable state, <a data-gid="gid://syiq/Yacht/74" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sierra Romeo41.56m (136'4&quot;)Mondomarine SpA2007">Sierra Romeo</a> requires substantial exterior work as she not only has large gauges taken out of her bow and aft deck, but the damage seems to run along her whole profile. As Gundogdu confirmed though, her hull is intact and hasn’t been majorly damaged.To restore <a data-gid="gid://syiq/Yacht/74" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sierra Romeo41.56m (136'4&quot;)Mondomarine SpA2007">Sierra Romeo</a> to turnkey condition through <a data-gid="gid://syiq/Company/2805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mavi Yachts (Company)">Mavi Yachts</a>, a client can expect to pay around €6,000,000 on top of her asking price, depending on requests and requirements. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/236797/image/large-c589ce7bb763862f9c586dbabc343595.png" data-gid="gid://syiq/Photo/236797"><a data-gid="gid://syiq/Yacht/3107" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Claudia II38.5m (126'4&quot;)Sanlorenzo2010">Princess Claudia II</a>&nbsp;|&nbsp;<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>&nbsp;| 40.8m | 317 GT | 2011 | €895,000 <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> launched its 38.5-metre <a data-gid="gid://syiq/Yacht/3107" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Claudia II38.5m (126'4&quot;)Sanlorenzo2010">Princess Claudia II</a> in 2011 as part of its successful 40 Alloy series. Much like the rest of the series, <a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski</a> was the studio behind <a data-gid="gid://syiq/Yacht/3107" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Claudia II38.5m (126'4&quot;)Sanlorenzo2010">Princess Claudia II</a>’s exterior styling, while Sanlorenzo penned her naval architecture. <img src="https://photo-assets.superyachttimes.com/photo/236798/image/large-14ca23ea962aef4b1c862b13152c6cce.png" data-gid="gid://syiq/Photo/236798">The market value of the award-winning <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> 40 Alloy series sits between the €7-17m mark, depending on the age of the unit. Currently listed for sale is the 2009 <a data-gid="gid://syiq/Yacht/2230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bliss Easy38.5m (126'4&quot;)Sanlorenzo2009">Bliss Easy</a>, listed for €7.9m, and the 2018 <a data-gid="gid://syiq/Yacht/6598" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady A40.8m (133'10&quot;)Sanlorenzo2018">Lady A</a>, which is asking €16.35m. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/236796/image/large-6bc5ca5c2d1eafb4bab45c1125c2a0ee.png" data-gid="gid://syiq/Photo/236796">According to the listing, <a data-gid="gid://syiq/Yacht/3107" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Claudia II38.5m (126'4&quot;)Sanlorenzo2010">Princess Claudia II</a> was fully submerged in 2017 and had to be dredged out of the waters in Saint Martin. <a data-gid="gid://syiq/Company/2805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mavi Yachts (Company)">Mavi Yachts</a> has already stripped and cleaned all the accommodation areas, but there is still work to go before she’s back as a blank canvas for a client to put their personal stamp on. <img src="https://photo-assets.superyachttimes.com/photo/236795/image/large-7933e7d9b591b6baf585d550ef1807e1.png" data-gid="gid://syiq/Photo/236795"><a data-gid="gid://syiq/Yacht/3107" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Claudia II38.5m (126'4&quot;)Sanlorenzo2010">Princess Claudia II</a> offers 317 GT of interior volume and can easily accommodate as many as 10 guests and seven crew. Her two <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines are still onboard, along with her generators and other mechanical equipment. However, it would be cost-effective to install new engines and mechanics.To refit <a data-gid="gid://syiq/Yacht/3107" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Claudia II38.5m (126'4&quot;)Sanlorenzo2010">Princess Claudia II</a>&nbsp; through <a data-gid="gid://syiq/Company/2805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mavi Yachts (Company)">Mavi Yachts</a>, a client can expect to pay around €6,500,000 on top of her asking price, depending on requests and requirements. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/236792/image/large-a0dd7712a98acf7c44fa0ef5d1f21d6b.png" data-gid="gid://syiq/Photo/236792"><a data-gid="gid://syiq/Yacht/6781" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mariale V 28.5m (93'6&quot;)Benetti SpA2015">Mariale V</a>&nbsp;|&nbsp;<a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>&nbsp;| 28.5m | 152 GT | 2015 | €425,000The cheapest of the three salvaged yachts is the 28.5-metre <a data-gid="gid://syiq/Yacht/6781" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mariale V 28.5m (93'6&quot;)Benetti SpA2015">Mariale V</a> by <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>. <a data-gid="gid://syiq/Yacht/6781" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mariale V 28.5m (93'6&quot;)Benetti SpA2015">Mariale V</a> was launched in 2015 as part of <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>’s Delfino 93 range. The series features an exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a> and naval architecture by <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>. The original interior of <a data-gid="gid://syiq/Yacht/6781" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mariale V 28.5m (93'6&quot;)Benetti SpA2015">Mariale V</a>, which has now been ripped out, was conceived by <a data-gid="gid://syiq/Company/436" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeazzi Design (Company)">Galeazzi Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/236794/image/large-683c5424561edcfa7c11701a55281fd2.png" data-gid="gid://syiq/Photo/236794">The Delfino 93 series proved to be wildly successful and <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> delivered 14 units in total. <a data-gid="gid://syiq/Yacht/6781" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mariale V 28.5m (93'6&quot;)Benetti SpA2015">Mariale V</a> is currently the only unit on the market; however, the 2011 <a data-gid="gid://syiq/Yacht/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunrise 28.5m (93'6&quot;)Benetti SpA2011">Sunrise</a> was sold earlier this year with a last known asking price of €3.9m. The year before, the 2012 <a data-gid="gid://syiq/Yacht/5562" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zaphira28.5m (93'6&quot;)Benetti SpA2012">Zaphira</a> passed hands with an asking price close to €6m. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/236793/image/large-c637d61f18089ce1d3dd6a655c18c9b8.png" data-gid="gid://syiq/Photo/236793">Major work needs to be made to her exterior as <a data-gid="gid://syiq/Yacht/6781" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mariale V 28.5m (93'6&quot;)Benetti SpA2015">Mariale V</a>’s foredeck has been sheared off and there is some serious damage to her aft. Again, like the other two salvaged yachts, Gundogdu confirms that her hull is apparently in good condition and she’s already been floated and assessed.<img src="https://photo-assets.superyachttimes.com/photo/236791/image/large-5b5a2bcf825c87ec9f5d2a62db6e61a8.png" data-gid="gid://syiq/Photo/236791"><a data-gid="gid://syiq/Company/2805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mavi Yachts (Company)">Mavi Yachts</a> has already stripped and cleaned her interior spaces and dismantled her engines.&nbsp;To refit <a data-gid="gid://syiq/Yacht/6781" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mariale V 28.5m (93'6&quot;)Benetti SpA2015">Mariale V</a>&nbsp; through <a data-gid="gid://syiq/Company/2805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mavi Yachts (Company)">Mavi Yachts</a>, a client can expect to pay around €2,500,000 on top of her asking price, depending on requests and requirements.

Three salvaged yachts damaged by Hurricane Irma join the market 

Three yachts that were severely damaged and placed out of operation due to Hurricane Irma have been salvaged and put on the market.